You Have Accumulated $800,000 for Your Retirement

question 74

Multiple Choice

You have accumulated $800,000 for your retirement.How much money can you withdraw in equal annual beginning-of-the-year cash flows if you invest the money at a rate of 7% for thirty years?

• A)$64,469.12
• B)$60,251.52
• C)$8,469.12
• D)$9,061.96

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